The Capital One QuicksilverOne credit limit is $300 or higher. There's no way to tell upfront how high your QuicksilverOne limit could get, but if you make your first 6 monthly payments on time, you could get access to a higher credit line. Capital One is known for offering credit limit increases to cardholders who regularly use their cards and pay on time.
Capital One QuicksilverOne Cash Rewards Credit Card
Well in my case I've had the card for about 10 years now. My credit limit is only $2,050 and I've been denied the last 4 times I've requested an increase due to not using my existing credit line to their liking. I even called after getting the last rejection letter to which I explained that in order to keep my credit score high I can't have high balances on low credit line cards and if it were higher I would use it more. I was told that if I was denied there wasn't anything they could do, that I could try applying for another one of their cards ?...um no....never again. It just sucks that this is one of my longest-standing cards so I have to keep it around.
You can get a credit increase with Capital One online or over the phone: (800) 955-7070. To be eligible for a Capital One credit-line increase, you must have an unsecured credit card, your account must be at least 3 months old, and you can’t have had a credit increase or decrease within the last 6 months. The odds of success are best when you pay your bill on time for at least 12 consecutive months prior to asking for a higher limit. It’s also important to note that once your account has been open for 5 months (and you’ve made all your payments on time), you may become eligible for an automatic credit-limit increase. Capital One will start periodically reviewing your account for that purpose once you’re eligible.… read full answer
To request a Capital One credit line increase online, log into your account, click on the “Card Services” tab, and select “Request Credit Line Increase.” Then fill out the form with your income, employment status and rent or mortgage payment, and click “Submit.” To request an increase over the phone, call (800) 955-7070 and choose “More Options,” then “Credit Increase,” and give your information. You may be asked additional questions when requesting over the phone, so have your information ready.
You should receive a decision in your inbox within 3-5 business days, if you’ve opted-in for paperless statements. Otherwise, you’ll receive a letter in the mail 7-10 business days after submitting your request. You cannot ask for a specific credit amount when requesting an increase. If you’re approved, you’ll receive the highest limit possible based on the information you provided.
If you’re declined for a Capital One credit increase, you can request another at any time. However, it’s recommended that you wait at least 6 months. An exception would be if your financial situation improves, like receiving a raise. Any time your income goes up is an appropriate time to request a credit increase, assuming your debt doesn’t go up too.
You can request a Capital One Quicksilver credit limit increase either online or by phone. New accounts opened within the past several months are generally considered ineligible. Capital One also recommends a history of on-time payments above the minimum amount due with all creditors. Anyone who has received a credit line increase or decrease on their Capital One Quicksilver in the past several months is usually not eligible.… read full answer
Here’s how to get a Capital One Quicksilver credit limit increase online:
Log in to your Capital One online account home page.
Click the "Services" tab.
Click the "Request Credit Line Increase" link.
On the request form, enter your total annual income, employment status, monthly housing payment, and maximum desired credit limit.
To request an increase by phone, call Capital One customer service at the number on the back of the card. From the automated phone system, choose "More Options" to hear the credit increase option. You will need to provide the same information as you would for an online request.
Asking for a Capital One Quicksilver credit limit increase will not affect your credit score, as Capital One uses a soft pull for all credit limit inquiries. After you’ve submitted your request, Capital One generally provides a decision immediately, but if they need to review further information, it may take up to 30 days. If you’re approved, your new credit line will be available immediately. If you’re denied a credit limit increase, Capital One allows you to submit another request any time you like, but your odds of approval are better if you wait six months. Capital One Quicksilver also offers the possibility of automatic credit limit increases for select customers. But there’s no guarantee when, or if, one will occur.
The Capital One Platinum credit limit is $300 or more, depending on your creditworthiness. So as long as you’re approved for the card, you’re guaranteed at least a $300 spending limit. But if your credit score and income exceed what Capital One is looking for, you could definitely start off with a higher limit.… read full answer
Keep in mind that you aren’t stuck with your starting Capital One Platinum credit limit forever. Capital One may increase your limit if you make your first 6 payments on time. You can also request an increase yourself. Many users report their limits increasing over time.
Here are some Capital One Platinum credit limit details:
You’re guaranteed a credit limit of at least $300 if you’re approved for Capital One Platinum.
Capital One Platinum accepts applicants with limited. If you have good credit or a lot of income relative to your debt, you’ll likely start with a higher limit.
Capital One may increase your credit limit after you make your first 6 monthly payments on time. After the first 6 months, they will review your account periodically to see if you deserve a higher limit. Pay more than the minimum each month, if possible, to boost your chances.
You can request a credit limit increase yourself by calling customer service at (800) 227-4825. You can also log into your Capital One account. Just choose “Request Credit Line Increase” from the “Services” tab. You’ll have to provide information about your income and employment for Capital One to make their decision.
So, you’ll get $300+ from Capital One Platinum to start. If you use your card responsibly, you’ll provide yourself with opportunities to increase your limit. But it’s best not to ask for an increase before six months of on-time payments, as you’ll probably be denied. If you do request an increase, Capital One may generate a hard inquiry, or “hard pull,” of your credit report. This will cause a slight drop in your credit score. That’s pretty standard.
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